USDCHR--Friday, July 2, 2010
Yesterday morning I posted this chart--
--in which I posited support coming in right below 1.06.
We reached that target yesterday afternoon.
A look at a 30 minute chart shows how that Fibonacci level has so far stopped the bleeding in USDCHF.
If this level does not hold, and the current impulsive pattern down continues, the next target would be below parity.
